Hard hitting global and local news
The HSBC China Manufacturing PMI shows Modest improvement in operating conditions. After adjusting for seasonal factors, the HSBC Purchasing Managers’ Index™ (PMI™) – a composite indicator designed to provide a single-figure snapshot of operating conditions in t he manufacturing economy – posted 51.6 in March, up from 50.4 in February, signalling a modest improvement.
Bloomberg reports Napolitano Names Advisers in Renewed Push for Italian Deal Italian President Giorgio Napolitano renewed his push to forge a government from the country’s divided parliament by drafting advisers from two of the top three political forces. Members of the parliamentary coalitions headed by Pier Luigi Bersani and ex-Prime Minister Silvio Berlusconi were among the 10 men selected, according to an e-mail sent late yesterday by Napolitano’s office.
Baxter is back in the news. The Fiscal Times says The Robot Reality: Service Jobs Are Next to Go
Read More: Arizona Lawmakers Advance Bill Allowing Gold and Silver as Money; Bureaucratic Nightmare?
Here are some unemployment charts I put together via Ycharts. Youth Unemployment Rates US vs.
View original post here: Rational Reason to Panic; Hot Money Blues; Right for the Wrong Reasons
The Financial Times reports Poland opens way to euro referendum . " Donald Tusk, Poland’s prime minister, took a big political gamble on Tuesday when he opened the door to a referendum on joining the euro, in the face of strong public opposition to the common currency.
Cyprus was such a "success", EU to push for losses on big savers at failed banks . The European Parliament will demand that big savers take losses if their banks run into trouble, a senior lawmaker told Reuters, adding momentum to a policy unveiled as part of a Cypriot bailout
NASA Watch yesterday had posts and comments about a memo issued by NASA suspending all educational and public outreach activities From:    NASA Chief Financial Officer and the NASA Chief of Staff Subject:  Guidance for Education and Public Outreach (EPO) Activities Under Sequestration .
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